Ecobank Nigeria Limited has taken a significant step in managing its liabilities by announcing a tender offer for a portion of its outstanding international debt.
Details of the Tender Offer
The bank is inviting holders of its $300,000,000 7.125% senior notes due 2026 to sell their holdings back ahead of schedule. As of the announcement date, $150,000,000 of these notes remain outstanding. The offer, identified by the ISIN codes US26824MAB63 and XS2297197266, officially started on Friday, 28 November 2025.
Ecobank aims to complete the settlement of this transaction on or before 31 December 2025. Eligible investors who choose to participate will receive $1,000 for every $1,000 of the principal amount they tender. Additionally, the bank will pay all accrued and unpaid interest up to, but not including, the final settlement date.
Strategic Goals Behind the Move
This initiative is a core part of Ecobank Nigeria's proactive strategy for liability management. By launching this tender offer, the bank provides noteholders an opportunity to redeem their investments before the original maturity date of 16 February 2026.
The bank clarified that the action supports several key objectives:
- Advancing its broader funding strategy.
- Enhancing flexibility in capital planning.
- Reaffirming its commitment to a well-structured and prudent debt profile.
Commitment to Investors and Financial Health
Ecobank Nigeria stated that this offer underscores its ongoing dedication to transparent and constructive engagement with its funding partners and the investor community. The move is aligned with the institution's long-term goal of ensuring efficient capital management.
Ultimately, this proactive measure is designed to optimize the bank's balance sheet and sustain confidence in its ability to meet all financial obligations. It reflects a strategic approach to navigating the financial landscape while maintaining robust fiscal discipline.
